Schnitzer Steel CEO Tamara Lundgren's 2018 pay rises 3% to $9.1M

Schnitzer Steel reports 2018 executive compensation

Published: December 19, 2018

Schnitzer Steel reported fiscal year 2018 executive compensation information on December 19, 2018.

In 2018, five executives at Schnitzer Steel received on average a compensation package of $3.5M, a 6% increase compared to previous year.

Average pay of disclosed executives at Schnitzer Steel

Tamara L. Lundgren, Chief Executive Officer, received $9.1M in total, which increased by 3% compared to 2017. 47.20% of Lundgren's compensation, or $4.3M, was in non-equity incentive plan. Lundgren also received $110.2K of change in pension value and nonqualified deferred compensation earnings, $1.1M in salary, $3.5M in stock awards, as well as $84.2K in other compensation.

Richard D. Peach, Chief Financial Officer, received a compensation package of $2.7M, which increased by 12% compared to previous year. 39.96% of the compensation package, or $1.1M, was in non-equity incentive plan.

Michael R. Henderson, Senior Vice President and Co-President, AMR and CSS, earned $2.3M in 2018, a 13% increase compared to previous year.

Steven G. Heiskell, Senior Vice President and Co-President, AMR, received $1.9M in 2018, which increases by 7% compared to 2017.

Jeffrey Dyck, Senior Vice President and Co-President, CSS, earned $1.6M in 2018.

Schnitzer Steel's fiscal year ends on August 31.